"We frankly don't care," is Verizon's CEO Lowell McAdam's response to the recently announced plan for competitors Sprint and T-Mobile to merge. His comment came during an interview ahead of the carrier's annual shareholder's meeting, according to the Seattle Times. McAdam had been asked to comment on the impending arrival of a sizable new competitor, and added, "We don't have a point of view on whether it goes through or it doesn't."
The T-Mobile and Sprint merger has been tried twice before. Neither time has resulted in success, but this time it seems both firms have agreed on terms and conditions. The new company will be called T-Mobile, and will be home to 126 million customers, or around 25 million fewer than U.S. market leader Verizon. T-Mobile CEO John Legere called it, "A larger, stronger competitor that will be a force for positive change."
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You may trust me when I write that if Verizon says it doesn't matter, it matters a LOT. -bh